Zillow redeems $498.8M of 1.375% convertible notes due 2026; conversion deadline Dec 17

ZILLOW GROUP, INC.

Company issued notice to redeem all $498.8M outstanding of 1.375% Convertible Senior Notes due 2026.
Redemption date: December 18, 2024; redemption price = 100% principal plus accrued interest from Sept 1, 2024.
Holders may convert notes before 5:00 PM ET on December 17, 2024; conversion rate: 22.9830 Class C shares per $1,000 principal.
Company elected Combination Settlement with Specified Dollar Amount of $1,000 per $1,000 principal for conversions after notice.
Interest ceases to accrue on redeemed notes after the redemption date.

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